J D National Limited
Registered number: 11950216
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 14,030 14,030
Cash at bank and in hand 2,175 1,887
16,205 15,917
Creditors: amounts falling due within one year 4 (15,632) (14,892)
Net current assets 573 1,025
Net assets 573 1,025
Capital and reserves
Called up share capital 100 100
Profit and loss account 473 925
Shareholders' funds 573 1,025
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dawid Jozef Steffen
Director
Approved by the board on 5 February 2024
J D National Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Other debtors 14,030 14,030
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 13,819 14,087
Accruals 387 587
Director's loan account (6,858) (4,653)
Corporation tax 8,284 4,871
15,632 14,892
5 Profit and loss account 2023
£
At 1 April 2022 925
Profit for the year 14,548
Dividends (15,000)
At 31 March 2023 473
6 Dividends 2023 2022
£ £
Dividends for which the company became liable during the year:
Dividends paid 15,000 20,000
15,000 20,000
7 Related party transactions
Included within the creditors at the year end is £6,858 (2022: £4,653) due from the director Mr Dawid Jozef Steffen. During the period the company paid 26,497 of expenses on behalf of the director and the director introduced £24,292.
8 Controlling party
The ultimate controlling party is the director and shareholder Mr Dawid Jozef Steffen.
9 Other information
J D National Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Brownlow Road
Wirral
CH62 1AU
J D National Limited 11950216 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Dawid Jozef Steffen No description of principal activity 11950216 2021-04-01 2022-03-31 11950216 core:WithinOneYear 2022-03-31 11950216 core:ShareCapital 2022-03-31 11950216 core:RetainedEarningsAccumulatedLosses 2022-03-31 11950216 2022-04-01 2023-03-31 11950216 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11950216 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11950216 bus:Director40 2022-04-01 2023-03-31 11950216 1 2022-04-01 2023-03-31 11950216 2 2022-04-01 2023-03-31 11950216 countries:England 2022-04-01 2023-03-31 11950216 bus:FRS102 2022-04-01 2023-03-31 11950216 bus:FullAccounts 2022-04-01 2023-03-31 11950216 2023-03-31 11950216 core:WithinOneYear 2023-03-31 11950216 core:ShareCapital 2023-03-31 11950216 core:RetainedEarningsAccumulatedLosses 2023-03-31 11950216 2022-03-31 iso4217:GBP xbrli:pure